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Fly News Breaks for June 17, 2015
ADBE
Jun 17, 2015 | 06:07 EDT
JPMorgan says the 24% sequential rise in Creative Cloud subscribers in Adobe's Q2 is what shares needed to move higher. Investor focus can now shift to annual recurring revenue and the income statement acceleration in the second half of 2015, the firm tells investors in a research note. It keeps an Overweight rating on Adobe with a $91 price target.
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